Tuesday, December 4, 2018

Verizon: 5G Pause

The news on the Samsung 5G Galaxy and iPhone should solidify that 5G won't be ready for prime time anytime soon.
Verizon recently hit $60, topping off a big rally since the summer.
The improved payout ratio from AT&T will make Verizon a source of funds as investors flip into that much higher dividend yield.
The announcement that Samsung (OTC:SSNLF) and Verizon Communications (VZ) won't launch a 5G phone until next year will likely lead to a pause in Verizon stock. The stock recently hit my target at $60 likely on the back of 5G excitement. The lack of devices to connect to a 5G network should cause the excitement over the new technology to come to a sudden halt.
Read the full article on Seeking Alpha. 

Disclosure: Long AAPL, QCOM. Please review the disclaimer page for more details. 
 

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